The proposed bill would amend several sections of the Arizona Revised Statutes to update the requirements for informational pamphlets related to budget override and bond elections. Specifically, it would require the inclusion of the tax rate and estimated cost associated with proposed capital improvements for single-family homes valued at $100,000 and $300,000, replacing the previous requirement for homes valued only at $80,000. Additionally, the bill mandates that the estimated tax impact of property tax increases on homes valued at $300,000 be included in Truth in Taxation (TNT) notices and informational pamphlets for school district Class B bond elections.

Furthermore, the bill would enhance the information required in various notices and pamphlets by adding the estimated tax impact of bond debt service for owner-occupied residences valued at $300,000 and commercial properties valued at $2,000,000. It also makes technical and conforming changes to ensure consistency across the statutes. Overall, these updates aim to provide clearer and more comprehensive financial information to voters regarding the implications of proposed tax increases and bond measures.

Statutes affected:
Introduced Version: 15-481, 15-491, 15-905.01, 15-1461.01, 35-454, 41-1276, 42-17107, 48-254, 16-204, 15-905, 42-12003, 42-12001, 15-422, 15-423, 15-424, 15-426, 15-403, 15-947, 15-482, 15-949, 15-971, 15-447, 15-342, 15-493, 15-401, 15-402, 15-910, 15-910.01, 1999-2000, 15-995, 15-907, 42-17052, 42-17002, 42-17051, 15-1461, 42-17105, 42-12002, 42-17151, 42-17103, 42-17104
House Engrossed Version: 15-481, 15-491, 15-905.01, 15-1461.01, 35-454, 41-1276, 42-17107, 48-254, 16-204, 15-905, 42-12003, 42-12001, 15-422, 15-423, 15-424, 15-426, 15-403, 15-947, 15-482, 15-949, 15-971, 15-447, 15-342, 15-493, 15-401, 15-402, 15-910, 15-910.01, 1999-2000, 15-995, 15-907, 42-17052, 42-17002, 42-17051, 15-1461, 42-17105, 42-12002, 42-17151, 42-17103, 42-17104